Here’s why wage growth has been so limited despite the lowest unemployment in decades

[endicom]

Market Watch
Steve Goldstein
Oct. 12, 2018

Bank of England economist explains factors ranging from weak productivity to the introduction of robots

The U.S. and the U.K. have both seen an apparent paradox of a sharp decline in the unemployment rate accompanied by a paltry pay growth.

Andy Haldane, chief economist of the Bank of England, on Friday set out to explain the puzzle in a speech delivered to a “Future of Work” conference in London.

After the Great Recession, there’s been a steady stream of jobs growth on both sides of the Atlantic. In the U.S., that’s taken the unemployment rate down to 3.7%, the lowest since 1969, and in the U.K., the jobless rate is down to 4%, the lowest level since the mid-1970s.

More... https://www.marketwatch.com/story/heres-why-wage-growth-has-been-so-limited-despite-the-tightest-job-market-in-decades-2018-10-12?mod=newsviewer_click

[endicom]

This could argue against mass immigration.

[Wingnut]

Nope.  It's Trumps Fault.